The Financial Services Authority (FSA) has fined Lamprell plc (Lamprell) £2,428,300 for significant failings in its systems and controls resulting in Listing Rules and related breaches. Lamprell could not adequately monitor its financial performance against its budget and against market expectations and therefore failed in its obligations as a listed company to keep the market fully informed of its deteriorating financial position during early 2012. . .

http://www.fsa.gov.uk/library/communication/pr/2013/024.shtml

Credit Suisse Group AG (CSGN) Chief Executive Officer Brady W. Dougan said pay for bankers is still outpacing shareholder returns, a dynamic that will change once the bank completes an overhaul of its business model. . .

http://www.bloomberg.com/news/2013-03-19/dougan-calls-bankers-out-earning-investors-unsustainable.html

The Financial Times reports that HSBC is gearing up for thousands more job cuts, with the bank set to outline the next stage in its strategic overhaul at an investor day in two months’ time . . .

http://hereisthecity.com/2013/03/18/top-firm-said-set-to-cut-thousands-more-jobs/

Testimony before The Permanent Subcommittee On Investigations, Committee On Homeland Security And Governmental Affairs United States Senate March 15, 2013 . . .

http://hereisthecity.com/2013/03/18/testimony-of-the-office-of-comptroller-of-the-currency/

Banking giant HSBC, which was hit with a US fine for money laundering last year, is facing fresh accusations of illegal activity in Argentina. . .

http://www.bbc.co.uk/news/business-21840052